18:13Bitcoin price crash: Why the crypto’s value is down, how much it’s worth today and what could happen next
Bitcoin is crashing, with the cryptocurrency’s price falling a further 12 per cent in the last 24 hours.
It lost about $7,000 (£5,000) in a matter of hours on Sunday, and fell similarly on Thursday, from around $55,000 (£40,000) to less than $48,000 (£35,000).
Other cryptocurrencies have been similarly affected, with the world’s second largest coin, Ethereum, down to around $2,100 (£1,500) after hitting record highs of $2,600 (£1,900) earlier on Thursday.
Around $260bn (£190bn) has been wiped from the cryptocurrency market in total.
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